The benchmark Sensex washed off 371 points from the last week. A turbulent trading was witnessed in Sensex today as the sharp slump in Tata Motors and RIL pared the gains provided by SBI and L&T.

A man looking at the stock ticker of Bombay Stock Exchange. (Image: Reuters)

Indian stock markets ended little higher on Friday posting a weekly loss. BSE Sensex closed up 63.63 points or 0.19% at 33,314.56 whereas NSE Nifty settled 12.8 points or 0.12% higher at 10,321.75. The benchmark Sensex washed off 371 points from the last week. After the Monday record closing, a choppy trade in domestic markets was observed through the week led by the mixed sentiments over second-quarter corporate earnings. Among other factors which buoyed on the markets include GST Council meeting, fluctuations in US markets.

A turbulent trading was witnessed in Sensex. A sharp slump in heavyweight shares of Tata Motors and Reliance Industries offset the major gains attained by the jump in shares of SBI and L&T. Collectively State Bank of India, L&T, ICICI Bank added about 183 points while a decline in RIL, Tata Motors, HDFC shaved off about 128 points.

Shares of State Bank of India gained as much as 6.2% to Rs 333.2 after India’s largest bank reported a little improvement in the asset quality. The gross NPAs (non-performing assets) as a percentage of total loans and advanced for the July-September quarter was at 9.83% as compared to 9.97% at the end of April-June quarter of FY 2018, however, a year ago it was at 7.14%. State Bank of India registered a 37.7% drop in net profit to Rs 1,581.55 crore for the quarter ended 30 September 2017 as against Rs 2,538.32 crore in the corresponding quarter last year.

M&M shares jumped 2.34% to Rs 1,393.4 after the utility vehicles major Mahindra and Mahindra today reported a 24.79% rise in standalone net profit to Rs 1,331.57 crore for the July-September. The company had posted a standalone net profit of Rs 1,067.03 crore in the year-ago quarter. L&T ended up 3.9% at Rs 1,264.05 after the company said that its construction arm has won orders worth Rs 4,023 crore across business segments.